Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet early financial goals. … Read more
If you have multiple loans to service and want to repay them in one go, what would you do? Raising a fresh loan doesn’t seem like a rational thing to do. You can, however, opt for it if you want to retire the current loans and consolidate them into a fresh personal loan. You can … Read more
Are you a travel freak and love to explore new places? Or are you a young college student who likes to visit the country’s hinterland to interact with people from different regions? Else, do you desperately like to view, see and feel the things which your income may not support — but you find these … Read more
The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments more inclusive, the … Read more
What would you do when you don’t have a credit history or a bad one and intend to procure a credit card? More likely than not, your credit card application will get rejected. But as they say — there is always a light at the end of the tunnel for the optimists. Such applicants can … Read more
If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of interest on fixed … Read more
I’m divorced and have to pay ₹90,000 alimony to my ex-wife. Can I claim tax exemption on the alimony? Can I claim a tax exemption on this alimony? Does it matter if I pay it monthly or annually? If we agree on a one-time settlement, would that be tax-exempt, even if the amount is much … Read more
If you have a wedding at home which is due in a month or two, and are clueless as to how will you arrange the money — there is a little that you can do apart from raising a loan from a bank or a financial institution. But there is no specific loan given for … Read more
When you want to raise a personal loan for an immediate need, there are a number of banks and non-banking financial institutions (NBFC) which you can approach. But have you ever wondered what the monthly instalment will be that you need to pay to service the loan? For this, you need to compute your monthly … Read more
However, with most IPOs getting oversubscribed, securing an allotment has become increasingly challenging. To boost their chances, some investors are turning to IPO loan financing—a strategy that allows them to bid for a higher number of shares than their available capital would typically permit. Read this | Why you should approach the SME IPO market … Read more